It goes on to say the program is "voluntary and may not be for everyone, but it is just one of the many initiatives...to help people in a very tight housing market."
According to Radio New Zealand, the waiting list for government housing in the city exceeds 2,000 people.
This problem has been attributed to Auckland's booming real estate market which has driven prices up, notes the BBC.
However, the grants do come with restrictions. The money must be spent on moving-related expenses and should be paid back in case the recipient returns to the city's housing list within a year.
The minister's office has said that, thus far, it "has received around 130 inquiries about the grant."
RELATED: Nightscapes of different cities around the world
Nightscapes of different cities around the world
Nightscapes of different cities around the world
The moon rises behind the Canadian landmark CN Tower, and the skyline of Toronto, November 25, 2015. REUTERS/Mark Blinch TPX IMAGES OF THE DAY
Streaks of light from arriving ferries illuminate wharves at Sydney's Circular Quay terminal in this seven-minute-long time exposure at dusk, July 16, 2015. Sydney's ferry system has been its lifeblood since the mid 1800s, transporting more than 15 million individual passenger journeys each year, according to the Bureau of Transport Statistics. From fast-food employees to finance industry executives, more than 40,000 trips are taken every day. Picture taken July 16, 2015. REUTERS/Jason Reed TPX IMAGES OF THE DAY
A general view of Bogota city is seen from the eastern mountains in Bogota, Colombia, June 6, 2016. REUTERS/John Vizcaino
A view shows the illuminated Eiffel Tower and La Defense business district (background) in Paris February 24, 2015. Five drones have been seen flying over sensitive sites of Paris , including the U.S. Embassy, between midnight and six o'clock in the night of Monday to Tuesday, according to French police. French authorities have opened an investigation. REUTERS/Gonzalo Fuentes (FRANCE - Tags: SOCIETY CITYSCAPE)
A general view shows Dubai's cityscape September 24, 2013. Dubai's government is working on new rules to protect its real estate market and prevent any excessive rise of property prices that could end in a crash, a senior official said on Tuesday. REUTERS/Ahmed Jadallah (UNITED ARAB EMIRATES - Tags: REAL ESTATE BUSINESS CITYSCAPE)
A general view shows the city of Athens and the temple of Parthenon, illuminated atop the Acropolis, Greece July 14, 2015. The European Central Bank could give a positive signal to the Greek government on giving more support to Greek lenders two weeks before Athens signs a third bailout deal with its creditors, Economy Minister George Stathakis said on Wednesday. Picture taken July 14, 2015. REUTERS/Christian Hartmann TPX IMAGES OF THE DAY
Bosphorus strait and bridges are pictured through the window of a passenger aircraft over Istanbul, Turkey, early June 5, 2015. REUTERS/Umit Bektas
The lights of the skyline of Manhattan are reflected in the Hudson River as a waning gibbous moon passes over 42nd Street in New York, May 27, 2013. REUTERS/Gary Hershorn (UNITED STATES - Tags: CITYSCAPE SOCIETY)
Night lights illuminate the early evening near the Danube river in Budapest November 20, 2013. Budapest offers a wealth of choices for lovers of music, art and architecture in a beautiful setting on the Danube river, which bisects the city on the midpoint of its journey from the Black Forest to the Black Sea. To match Trip Tips: TRAVEL-BUDAPEST/. Picture taken November 20, 2013. REUTERS/Laszlo Balogh (HUNGARY - Tags: SOCIETY TRAVEL)
A view of the skyline of the central business district shrouded by haze in Singapore September 14, 2015. Indonesia said on Friday it will send more than 1,000 troops to fight fires in southern Sumatra, as smoke makes thousands sick, delays flights and pushes air quality to unhealthy levels in neighboring Singapore and Malaysia. Indonesia has vowed before to end the seasonal fires but has failed each time to stop the so-called "haze", caused by slash-and-burn clearances on the islands of Sumatra and Borneo, where large areas of forest concessions are held by pulp and paper and palm oil companies. REUTERS/Edgar Su
An aerial view of Mexico city at night from an airplane, December 16, 2013. REUTERS/Jorge Silva (MEXICO - Tags: CITYSCAPE SOCIETY)
The Bund on the banks of the Huangpu River is pictured before Earth Hour in Shanghai, March 29, 2014. Lights go off around the world in a show of support for renewable energy during Earth Hour, an event organised since 2007 to promote a sustainable future for the planet. REUTERS/Aly Song (CHINA - Tags: ENVIRONMENT SOCIETY)
A view of the Leblon neighborhood in Rio de Janeiro, Brazil, July 14, 2015. REUTERS/Sergio Moraes
A view of the supermoon near Agbar tower after the lunar eclipse in Barcelona, northern Spain, September 28, 2015. This larger-than-average full moon was seen in Spain on Sunday, hours before a total lunar eclipse which will occur during the early hours of Monday, when the shadow of the Earth casts a reddish glow on the moon, the result of a rare combination of an eclipse with the closest full moon of the year. REUTERS/Gustau Nacarino